If you’ve been even remotely exposed to the news within the cryptosphere this year, you most
definitely heard the name Justin Sun, the mastermind behind one of the most interesting crypto
projects, TRON.
Tron is a top-tier cryptocurrency that aims to build completely reshape the vast and somewhat
dysfunctional entertainment system with the help of the blockchain. The protocol allows its users
to store, own, and publish content anonymously. TRON users can create content (of any sort)
and directly upload it to TRON’s blockchain and get paid directly without third-party interventions
(such as Google or Facebook, which together own more than 75% of the Internet ad market).
Considering TRON’s current success, its future ambitions, and the fact that’s a very popular
cryptocurrency (ranked 12th on CoinMarketCap at the time of this writing), it’s no surprise that it’s becoming more appealing for investors all over the world.
The easiest way to invest in TRON is to buy the platform’s official and native token, the TRX.
Initially, TRON was launched on the Ethereum blockchain, meaning it had an ERC-20 token.
That meant that up until recently (June 2018), you could store your TRON coins in any ERC-20
compatible wallet. Since its mainnet launch, TRON’s TRX token requires a wallet specifically
designed for it.
Happily, there are numerous good storage options for your TRX coins. These include various
hardware wallets, as well as, mobile, desktop, and web-based wallets.
Places to Store Your TRX
Tronscan
Our list starts with Tronscan, one of the most popular web or online wallets for TRON. The main
advantages of this wallet is its convenience and user-accessibility, as it can be accessed pretty
much from any computer with an Internet connection and a modern browser. Checking your
account balance, transactions, or history can be done without much hassle. It also provides
users with the options to “lock-up coins.”
However, there are several security risks usually associated with this type of wallets, and
Tronscan is no exception. To put it as simply as possible, it’s advisable that you don’t hold large
sums of TRX tokens in a wallet such as Tronscan, as it’s more intended for fast, day-to-day
transactions.
Exodus
When it comes to stylish, secure, and modern desktop wallets, few can compete with Exodus.
It’s widely recognized as being a top-notch multi-currency wallet (besides TRX, it supports
nearly 100 other cryptos). The interface is nothing short of gorgeous and intuitive, and it
employs enough security features to make it very trustworthy.
It’s available for all the major desktop OSes such as Windows, macOS, and Linux. What’s also
impressive about this wallet is the fact that it features ShapeShift integration, meaning that you
can easily exchange TRX tokens for any other cryptos directly within its interface.
Tron Wallet (Chrome)
If convenience is very important to you and you happen to be an active user of Google Chrome,
then Tron Wallet is exactly what you need. It comes it in the form of a Google Chrome extension
(which can be easily installed from the Google Web Store), and it fairly similar to MetaMask.
This tool allows you to send, receive, and store TRX directly from your computer’s web browser.
A particularly interesting fact about this wallet is that the transactions happen offline (basically,
they’re signed offline), thus minimizing the risk of hacks via improved security.
Tron Wallet (iOS and Android)
One of the best things about Tron Wallet is the fact that it can be accessed from Google
Chrome, or directly from your iOS and Android mobile devices. The software for both wallets is
open source, and the app is officially backed by the TRON Foundation, making it one of the best
choices to store TRX on your mobile devices.
The interface is clear, modern, and intuitive on both versions of the wallet, making it very easy
for all categories of users to get started with the app. Everything is password encrypted, and
you can even create a 24-word recovery phrase to ensure that your funds won’t be forever lost if
something happens to your phone.
Ledger Nano S
Ledger Nano S is a hardware wallet that requires no introduction, as most crypto aficionados
know of its existence. It’s one of the first hardware wallets on the market, and also one of the
oldest. Being a hardware wallet, it sacrifices convenience by a small margin in order to provide
you with the utmost security. It has a built-in screen, two buttons, and it stores your private keys
in a cold storage setting to ensures that hacking is not possible from the outside.
Besides the remarkable security features, the most impressive thing about Ledger Nano S is the fact that it supports over 700 cryptocurrencies and digital assets.
Trezor
Trezor also one of the greats of the hardware wallet industry. Designed to be a direct competitor
for Ledger Nano S, Trezor also comes with support for over 700 coins and all the security
features one can expect from a wallet of this sort. Much like the previously mentioned wallet, it
boasts a built-in screen and two buttons to allow you to confirm transactions.
General Tips for Securely Storing your TRX
You should always try to get the most secure type of wallet for storing your TRX. If you’re in the
habit of performing lots of daily transactions, then mobile and online wallets are especially
useful.
Another very good practice is to use the wallet at its full potential, especially from the security
standpoint. For instance, if the wallet supports recovery passphrases or two-factor
authentication or multi-signature support, then make sure you activate them.
Conclusion
There are multiple good options when it comes to TRON wallets for storing your private keys. If
you opt for either one listed above, you can be sure that you have a reliable wallet on your hands, especially since most of them are verified by the Tron Foundation. Make sure you pick
the best that suits you best.
Featured image: Market Exclusive
